This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

303 Morris Ave

2,900 SF Retail Building Donalsonville, GA 39845 $2,333,333 ($805/SF) 6% Cap Rate

Investment Highlights

  • New construction completed in 2024; Burger King built-to-suit, Absolute NNN - no Landlord responsibilities
  • 8.58% Average Cap Rate over term and options
  • Strong operator; runs nearly 80 units from Florida's Panhanlde up through multiple GA markets with corp. guarantee
  • New 20-year lease providing stable cash flow with annual increases every 5 years, and in options
  • Limited competition; this is 1 of 4 national QSRs in Donalsonville, the only Burger King within 1.5 hours
  • Target Demographics within 35 minutes: 87,475 residents, avg. HH income of $65,153, 47.5K employees

Executive Summary

CBRE is pleased to offer for purchase a fee simple investment in a new construction, triple net leased to Burger King on a 20-year base lease with 10% base rental increases every 5 years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,900 SF
Building Class
B
Year Built
2024
Price
$2,333,333
Price Per SF
$805
Cap Rate
6%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.10 AC

Amenities

  • Corner Lot
  • Restaurant
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Burger King
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Burger King Accommodation and Food Services 99,999 SF - Lorem Ipsum -

Nearby Major Retailers

Ameris Bank
Piggly Wiggly

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
D0090-00000-037-000
Land Assessment
$30,775
Improvements Assessment
$0
Total Assessment
$30,775
  • Listing ID: 31349921

  • Date on Market: 3/28/2024

  • Last Updated:

  • Address: 303 Morris Ave, Donalsonville, GA 39845

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}